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A brand new yr introduced a brand new outlook to regional pure fuel forwards markets in the course of the Dec. 28-Jan. 3 interval, NGI’s Ahead Look information present.
Coming off a balmy December, forecasts in the course of the interval teased the arrival of markedly extra winter-like circumstances by way of this month, and merchants responded by locking in double digit close to month fastened value beneficial properties throughout the Decrease 48.
February fastened costs at benchmark Henry Hub jumped 22.4 cents for the interval to achieve $2.682/MMBtu.
Has Winter Lastly Arrived?
Ahead beneficial properties had been particularly pronounced within the western Decrease 48, the place merchants have proven sensitivity to upside dangers within the wake of value spikes in the course of the 2022/23 winter.
Foundation premiums at hubs together with Northwest Sumas, Malin, Opal, PG&E Citygate and SoCal Citygate all…
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